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Ex-Div Reminder For Nuveen Mortgage Opportunity Term Fund (JLS)

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Mortgage Opportunity Term Fund (JLS) will trade ex-dividend, for its monthly dividend of $0.1725, payable on 5/1/13. As a percentage of JLS's recent stock price of $28.79, this dividend works out to approximately 0.60%, so look for shares of Nuveen Mortgage Opportunity Term Fund to trade 0.60% lower — all else being equal — when JLS shares open for trading on 4/11/13.

Below is a dividend history chart for JLS, showing historical dividends prior to the most recent $0.1725 declared by Nuveen Mortgage Opportunity Term Fund:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from JLS is likely to continue, and whether the current estimated yield of 7.19% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Nuveen Mortgage Opportunity Term Fund shares are currently trading flat on the day.